Bloomberg Reassigns Journalist Who Exposed Wells Fargo’s Ties to Gun Industry

HeadlineAug 28, 2018

In media news, CNN is reporting Bloomberg News reassigned a reporter who covered Wells Fargo after the bank’s CEO complained about a story where the bank was described as the “preferred financier for the U.S. gun industry.” The story revealed how the bank had helped two of the biggest U.S. firearm and ammunition companies access $430 million in loans and bonds since 2012. Sen. Elizabeth Warren reacted to the news by tweeting that Wells Fargo customers “would be better off if CEO Tim Sloan focused more on addressing the dozens of scandals plaguing his bank, and less on getting a good journalist reassigned for doing his job (which includes reporting on those scandals).”

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